I am actually kind of astonished by this.

I am actually thinking of converting it to an Airbnb rental.

ACTUAL data is always best. 

Because counties usually set the fair market value of properties  about 15% below the actual sales value.  

I actually moved from Florida to Columbus for the real estate.

You’d be shocked by how little actual screening many PMC’s do!

Third, if they have $2bn of agreements (whatever that even means) why haven't they actually started building anything or even closed on the land.  

Once we changed to charging a fee, proof of ability to close, good income, a sizable reserve and reasonable credit, the students not only started taking the training seriously but actually began buying properties for their retirement.

(Example: from the time the county issued our D.O. to the time the actual building permit was issued, was about 90 days). 

This is just expected, would think if it did not happen it's actually bearish news.